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3-bed · 2,711 sqftZulal 1, The Lakes · completed 2009

V038, Zulal 1

Sold prices and rental history: sold 3 times, last in June 2015, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V038 · DLD and Ejari recordsUpdated 28 June 2015
Last soldAED 1.7M28 June 2015
Current rentAED 240K /yr10 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V038, Zulal 1

What is V038 worth today?

Last sold for AED 1,700,000 in 2015

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28 Jun 2015SoldReady
AED 1,700,000AED 627 per sqft
10 Jul 2013RentedNew contract
AED 240,000/yr12 months · AED 89 per sqft
4 Apr 2012SoldReady
AED 2,550,000AED 940 per sqft
17 Mar 2011Sold by developerReady
AED 1,302,655AED 480 per sqft

Source: Dubai Land Department. Updated 28 June 2015.

Key facts

Type
3-bed villa
Size
2,711 sqft
Developer
Emaar
Completed
2009
Service charge
AED 11,200 /yr
Last sold
AED 1.7M · June 2015
Community
Zulal 1

About V038, Zulal 1

V038 is a three-bedroom villa of 2,711 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 28 June 2015 for AED 1,700,000, or AED 627 per sqft, 51% below the AED 1,290 three-beds in the community were fetching at the time.

One Ejari contract is registered, from 10 July 2013. The current contract, signed on 10 July 2013, is AED 240,000 a year: a gross yield of 14.1% on the 2015 price, before the service charge of about AED 11,200 a year.

Sales and rents for V038 over time

Sales
Villa V038, each saleTypical three-bed in Zulal 1
2.5M5M2008201320182023Typical sale price by year: 2008 AED 2,670,388; 2009 AED 2,277,801; 2010 AED 2,398,702; 2011 AED 1,950,000; 2012 AED 2,612,697; 2013 AED 3,225,000; 2014 AED 3,650,000; 2015 AED 3,100,000; 2016 AED 3,105,000; 2017 AED 3,150,000; 2018 AED 2,500,000; 2019 AED 2,263,741; 2020 AED 2,100,000; 2021 AED 2,875,000; 2022 AED 3,500,000; 2023 AED 4,000,000; 2024 AED 4,985,000; 2025 AED 6,000,000Sold by developer, March 2011: AED 1,302,655 (AED 480 per sqft)Sold, April 2012: AED 2,550,000 (AED 940 per sqft)Sold, June 2015: AED 1,700,000 (AED 627 per sqft)

V038 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V038, each contractTypical three-bed in Zulal 1
200K300K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 191,250; 2014 AED 204,326; 2015 AED 206,450; 2016 AED 205,000; 2017 AED 190,000; 2018 AED 175,000; 2019 AED 167,250; 2020 AED 145,116; 2021 AED 155,000; 2022 AED 170,000; 2023 AED 205,000; 2024 AED 245,549; 2025 AED 255,000; 2026 AED 290,000New contract, July 2013: AED 240,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Zulal 1, and where V038 sits

All 150 3-beds →

V038 last sold in June 2015 at AED 627 per sqft, 51% below what three-beds in Zulal 1 were fetching at the time (AED 1,290). V038's AED 240,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
24 Sep 20257,100,000
4 Sep 20255,200,000
11 Aug 20256,950,000
7 Aug 20256,800,000
0 3-bed sales in the last 12 months

Zulal 1

Community

150 villas, 3-bed in The Lakes, completed in 2009 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 280K /yr
Typical yield
Zulal 1, The Lakes: prices, sales and rents →

V038, Zulal 1 in numbers

  • Sold 3 times: first on 17 March 2011 for AED 1,302,655, last on 28 June 2015 for AED 1,700,000 (AED 627 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2015 price is 14.1%, before a service charge of about AED 11,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 28 June 2015.

Questions about V038, Zulal 1

What did villa V038 last sell for?

AED 1,700,000 on 28 June 2015: AED 627 per sqft for 2,711 sqft. The villa has 3 registered sales; the first was AED 1,302,655 in March 2011.

What is the rent for villa V038?

AED 240,000 a year on the contract signed on 10 July 2013.

How big is villa V038?

2,711 sqft (251.9 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V038 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on V038, Zulal 1

Starts from the last sale price (AED 1.7M, 28 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →